Mathematics, 11.10.2019 03:20 sugakookies1

Jake received a student loan for $12,000. he plans on paying
off the loan in 5 years. at the end of 5 years, jake will have paid
$3,600 in interest. what is the simple interest rate on the
student loan?

Answers: 2

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Jake received a student loan for $12,000. he plans on paying
off the loan in 5 years. at the en...

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More questions: Mathematics Another questions

Jake received a student loan for $12,000. he plans on payingoff the loan in 5 years. at the end of 5 years, jake will have paid$3,600 in interest. what is the simple interest rate on thestudent loan?

Answers

Another question on Mathematics

Jake received a student loan for $12,000. he plans on paying
off the loan in 5 years. at the end of 5 years, jake will have paid
$3,600 in interest. what is the simple interest rate on the
student loan?